IDEAS home Printed from
   My bibliography  Save this article

Balkans entrepreneurship: the role of internal and external knowledge for business creation


  • Vanessa Ratten
  • João J. Ferreira
  • Cristina I. Fernandes


The Balkans is a geographic region comprising a number of transition economies, which are becoming increasingly important in the international business environment. This paper uses data from the Global Entrepreneurship Monitor (2009 to 2013) to test a series of models aimed at understanding the reasons individuals start new businesses. The literature about entrepreneurship in transition economies and the role of knowledge dissemination is stated, highlighting the role of internal and external knowledge sources. The analysis indicates that in the Balkans intrinsic knowledge in the form of individual capabilities for launching an enterprise and the required skills to start a business. In addition, our analysis shows that internal and external knowledge continue to confer advantages in starting formal businesses in the Balkans region. The findings suggest that the Balkans area is growing in entrepreneurial capability and this is important for future policy directions at the European regional level and country perspective. Suggestions for future research about Balkans entrepreneurship are stated together with implications for managers and public policy planners.

Suggested Citation

  • Vanessa Ratten & João J. Ferreira & Cristina I. Fernandes, 2017. "Balkans entrepreneurship: the role of internal and external knowledge for business creation," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 13(2/3), pages 126-140.
  • Handle: RePEc:ids:wremsd:v:13:y:2017:i:2/3:p:126-140

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:wremsd:v:13:y:2017:i:2/3:p:126-140. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carmel O'Grady). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.